Morgan Stanley (NYSE:MS) has acquired $700 million of property loans from the failed Signature Bank through a consortium, including Blackstone Inc. (NYSE: BX), Canada Pension Plan Investment Board, and Rialto Capital. Advised by Jones Lang LaSalle Inc. (NYSE:JLL), this significant move in commercial-property finance marks a notable transaction amid rising borrowing costs and declining property valuations .
The stock market is poised to mark a third consecutive session of gains, with major indices all trading in the green during midday trading in New York on Monday, as traders continue to react positively to quarterly earnings and the Federal Reserve’s unexpectedly dovish stance
Companies Reporting Before The Bell
• AudioCodes (NASDAQ:AUDC) is estimated to report quarterly earnings at $0.18 per share on revenue of $61.52 million.
JLL GPT™ will provide private, secure generative AI model to amplify insights and client outcomes
SAN FRANCISCO, Aug. 1, 2023 /PRNewswire/ -- JLL (NYSE:JLL) today announced JLL GPT™, the first
JLL's Capital Markets group arranges refinancing for 503,484-square-foot entertainment and retail destination
PITTSBURGH, June 28, 2023 /PRNewswire/ -- JLL's Capital Markets group announced today